Post-Employment Payments. (a) At the end of the Executive’s employment for any reason, the Executive shall cease to have any rights to salary, expense reimbursements or other benefits, except that (to the extent applicable) the Executive shall be entitled to (i) any Base Salary which has been earned but is unpaid as of the end of the Employment Period, which shall be paid by the Company to the Executive on the first payroll date following the Executive’s termination of employment, (ii) any annual cash bonus that has been earned for a prior calendar year pursuant to subparagraph 4(b) but is unpaid, which shall be paid by the Company to the Executive by March 15 of the calendar year in which the Executive’s termination of employment occurs (but only if the termination is not a Termination For Cause or a Voluntary Termination), (iii) any reimbursable expenses which have been incurred but are unpaid as of the end of the Employment Period, which shall be paid by the Company to the Executive in accordance with the Company’s applicable reimbursement policies, (iv) any plan benefits which by their terms extend beyond termination of the Executive’s employment (but only to the extent provided in any benefit plan in which the Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b), 6(c) or 6(d), any severance pay program or policy of AGNC, the Company or any of their subsidiaries) and (v) any benefits to which the Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”). In addition, subject to subparagraph 6(f), the Executive shall be entitled to the additional amounts described in subparagraph 6(b), 6(c) or 6(d), in the circumstances described in such subparagraphs. Moreover, subject to subparagraph 6(f), unless otherwise expressly agreed to by the parties, if the Executive’s employment is terminated by the Company following the end of the Employment Period (for any reason other than a reason that would have constituted a Termination For Cause had such termination of employment occurred during the Employment Period), then the Executive shall be entitled to the severance provided under any severance policy or arrangement of AGNC, the Company or their affiliates that is applicable to the Executive at the time of such termination but shall be no less than six (6) months of targeted cash compensation (salary plus targeted cash bonus).
(b) If the Emp...
Post-Employment Payments. Following Employee’s execution and non-revocation of this Agreement, the Company will pay to Employee severance amounts in accordance with the terms of the Employment Agreement, less all required tax withholdings and other authorized deductions.
Post-Employment Payments. Following Employee’s execution and non-revocation of this Agreement and provided all material Company property has been returned, Intelsat will pay to Employee severance amounts in accordance with the terms of the Employment Agreement, less all required tax withholdings and other authorized deductions.
Post-Employment Payments. At the end of Employee’s employment for any reason (including due to the Employee’s death or Permanent Disability), Employee shall cease to have any rights to salary, expense reimbursements or other benefits, except that Employee shall be entitled to (i) any Base Salary which has been earned but is unpaid, any reimbursable expenses which have been incurred but are unpaid, and any unexpired vacation days which have accrued under the Company’s vacation policy but are unused, in each such case, as of the end of the Employment Period; (ii) plan benefits which by their terms extend beyond termination of Employee’s employment theretofore granted to Employee or any other benefit plan in which Employee has participated as an employee of the Company and excluding any severance pay program or policy of the Company; and (iii) any benefits to which Employee is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended (collectively, “Accrued Compensation”).
Post-Employment Payments. Following Employee’s execution and non-revocation of this Agreement, the Company will pay to Employee the following severance and other amounts in accordance with the terms of the Employment Agreement or other applicable arrangements, less all required tax withholdings and other authorized deductions:
(i) a pro-rata bonus payment based on actual results for the January 1 — June 30 performance period and the portion of such performance period Employee was employed by the Company through the Separation Date, payable at the time bonuses for such performance period are paid to the Company’s other senior executives;
(ii) (x) a severance payment of USD $2,400,000 payable in approximately equal installments in accordance with the Company’s regular payroll practices (but off employee payroll) during the 12 month period following the Separation Date, commencing May 20, 2011 and (y) an additional cash payment equal to USD $78,845 payable on May 20, 2011;
(iii) vesting of 6,735 of Employee’s outstanding performance-based stock options (6,372 time-based stock options with an exercise price of USD $255.52 and 363 time-based stock options with an exercise price of USD $330.88) and vesting of 8,579 of Employee’s outstanding time-based stock options (8,192 time-based stock options with an exercise price of USD $255.52 and 387 time-based stock options with an exercise price of USD $330.88). Any stock options not vested as of the Separation Date shall be cancelled as of the Separation Date;
(iv) the right under Section 8.01 of the Amended and Restated Exempted Limited Partnership Agreement of Skype Management, L.P., dated September 22, 2010 (the “Management Partnership Agreement”), to repurchase ordinary shares subject to the time-based stock options and the performance-based stock options (but there is no right at all to repurchase the co-invest stock option or any co-invest shares except as provided in Section 8.01(a) of the Management Partnership Agreement) (the “Repurchase Right”) during the 12-month period following the Separation Date will be suspended and deferred until the 12-month period commencing on the first anniversary of the Separation Date, so long as the Employee (x) reasonably cooperates with Skype Global S.à x.x. (the “Parent”) in facilitating the Parent’s transition to a new chief financial officer and (y) does not engage in any conduct intended or that a reasonable person in a like position and under like circumstances could expect to cause meaningful ha...
Post-Employment Payments. The Company shall pay to the Employee the respective amounts provided below upon expiration of the Employment Term.
(a) If the Employee's employment is terminated pursuant to Section 8(a), 8(b), 8(c) or 8(e) hereof, then the Company shall pay the Employee his Base Salary compensation through the Employment Termination Date and the Company shall have no further obligations to the Employee, except with respect to his vested and exercisable options and ERISA benefits.
(b) If the Employee is terminated under Section 8(d), then the Company shall pay to Employee (i) his Base Salary compensation through the Employment Termination Date; (ii) six months of his Base Salary, the amount of Base Salary calculated as provided in this clause 9(b)(ii) being hereinafter referred to as Severance Pay; and (iii) if notice of termination is delivered to the Employee at any time during the fourth fiscal quarter of any fiscal year, and if the Employee would have been entitled to a bonus for the full fiscal year pursuant to the second sentence of Section 3(b) hereof had he been employed by the Company for the full fiscal year, Employee shall be entitled to receive an additional payment equal to the bonus amount that would have been due Employee for the full fiscal year in question multiplied by a fraction, the numerator of which shall be the number of days in the fiscal year in question prior to the date of delivery of notice of termination and the denominator of which shall be 365. The Severance Pay shall be payable in bi-weekly payments over six (6) months, and any amount payable pursuant to clause (iii) hereof shall be payable as set forth in Section 3(b) of this Agreement.
Post-Employment Payments. A. The Company agrees to pay to you a gross sum in the amount of FOUR HUNDRED FORTY NINE THOUSAND FIVE HUNDRED SIXTY U.S. DOLLARS (S449,560.00), which is equivalent to fifty-two (52) weeks of your regular base salary, less applicable withholding and deductions (the “Post-Employment Payment”). The Post-Employment Payment shall be paid to you by the Company during its regular payroll cycle over the twelve (12) month period following your Separation Date, but in no event less frequently than biweekly, provided that the first payment of the Post-Employment Payment shall be made on the sixtieth (60th) day after your Separation Date (the “Payment Commencement Date”) and shall include payment of any amounts that otherwise would be due prior thereto, less any applicable taxes and deductions, but shall be reduced by any payments that the Company paid to you between the Separation Date and the Payment Commencement Date that were not attributable to your accrued/unused flexible days off (“FDO”). Any negative vacation balances or travel advances owed to the Company will also be deducted, if applicable.
B. The Company further agrees to pay you an additional gross sum in the amount of TWO HUNDRED EIGHTY ONE THOUSAND SEVENTY THREE DOLLARS ($281,073) with respect to your 2014 bonus, less applicable taxes (the “Bonus Payment”). Payment of the Bonus Payment will occur on the Company’s first payroll date reasonably practicable following the Effective Date (as defined in Section 4 below). For purposes of clarity, you will not be eligible for any bonus, pro-rata or otherwise based upon your or the Company’s 2015 performance.
C. You may retain the smart phone and computer that were provided to you by the Company (the “Retained Hardware”), provided you deliver the Retained Hardware to the attention of Xxxxxxx Xxxxx at the Company (using a method that insures the Retained Hardware and provides proof of delivery). Once all confidential and other Company-related information is removed from the Retained Hardware, the Retained Hardware will be returned to you.
D. Your receipt of the Post-Employment Payment and the Bonus Payment is in consideration for, among other things, the restrictive covenants and general release of all claims to which you have agreed and is contingent upon (a) your signing this Agreement within twenty one (21) days after your receipt of this Agreement and (b) not revoking this Agreement within seven (7) days after acceptance and (c) your return of all Company pr...
Post-Employment Payments. The Company shall pay to the Employee the respective amounts provided below upon expiration of the Employment Term.
(a) If the Employee's employment is terminated pursuant to Section 8(a), 8(b), 8(c) or 8(e) hereof, then the Company shall pay the Employee his Base Salary compensation through the Employment Termination Date and the Company shall have no further obligations to the Employee, except with respect to his vested and exercisable options and ERISA benefits.
(b) If the Employee is terminated under Section 8(d), then the Company shall pay to Employee (i) his Base Salary compensation through the Employment Termination Date; and (ii) six months of his Base Salary, the amount of Base Salary calculated as provided in this clause 9(b)(ii) being hereinafter referred to as Severance Pay; and (iii) if notice of termination is
Post-Employment Payments. The Company shall pay to the Employee the respective amounts provided below upon expiration of the Employment Term.
(a) If the Employee's employment is terminated pursuant to Section 8(b) or (e)hereof, then the Company shall pay the Employee his Base Salary compensation through the Employment Termination Date and the Company shall have no further obligations to the Employee, except with respect to his vested and exercisable options and ERISA benefits.
(b) If the Employee's employment is terminated pursuant to Section 8(a) or (c) hereof, then the Company shall pay to Employee his Base Salary compensation through the Employment Termination Date and any deferred compensation that shall have vested pursuant to Section 9(d) hereof, the latter being payable as set forth in Section 9(d). Other than payment of such amounts, the Company shall have no further obligations to Employee, except with respect to his vested and exercisable options and ERISA benefits.
(c) If the Employee is terminated under Section 8(d), then the Company shall pay to Employee his Base Salary compensation through the Employment Termination Date, any deferred compensation amounts that have vested pursuant to Section 9(d) hereof (payable as set forth therein), and two (2) years of his Base Salary or the aggregate Base Salary that would have been payable between the Employment Termination Date and October 1, 2002, whichever is less, the amount of Base Salary calculated as provided above being hereinafter referred to as Severance Pay. The Severance Pay shall be
Post-Employment Payments. (a) At the end of Executive’s employment for any reason, Executive shall cease to have any rights to salary, equity awards, expense reimbursements or other benefits, except that Executive shall be entitled to (i) any Base Salary which has accrued through the date of termination but is unpaid, any annual bonus set forth in subparagraph 4(b) above that has been earned for a prior calendar year but is unpaid, which shall be paid as provided in subparagraph 4(b), any reimbursable expenses which have been incurred but are unpaid, and any unexpired vacation days which have accrued under the Company’s paid time off policy but are unused, as of the end of the Employment Period, (ii) any option rights or plan benefits which by their terms extend beyond termination of Executive’s employment (but only to the extent provided in any option theretofore granted to Executive or any other benefit plan in which Executive has participated as an employee of the Company and excluding, except as hereinafter provided in subparagraph 6(b), any severance pay program or policy of the Company) and (iii) any benefits to which Executive is entitled under Part 6 of Subtitle B of Title I of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”). In addition, Executive shall be entitled to the additional amounts described in subparagraph 6(b) or 6(d), in the circumstances described in such subparagraphs.
